Pacific Towing’s commercial dive team is central to the numerous services it provides PNG’s O&G sector including in-water surveys to class with live feeds back to international survey technicians. Pacific Towing, a 44 year old marine services business headquartered in Papua New Guinea has been servicing the oil and gas sector in excess of 10 years....
From L – R: Dr Flora Jethro, Oil Search Field Lead Medical Officer, Dr Julia Stinshoff, Senior Medical Officer, Sr Ruth Sala, Oil Search Registered Nurse, Api Kassman, Head of the COVID-19 Vaccination Ministerial Task Force and Leon Buskens, Oil Search Executive Vice President & Co-Head PNG witnessing Oil Search employee Nicholas Koromugo being vaccin...
The Board and Management of landowner owned companies operating in Southern Highlands, Hela and Gulf Provinces have been vaccinated against COVID-19, sending a strong and clear message of solidarity in the fight against a life-threatening disease. The landowner owned companies who provide essential camp management, catering, security, construction, and...
Heduru Moni Limited is successfully running its 22nd year of operation and is quickly earning the reputation as one of the most exciting financial services firms on the rise in Papua New Guinea. The company was incorporated and commenced trading in 1998 as a financial intermediary under the trading name Kina Plus and started operations by providing small ...
Photo credit: BusinessNews Twinza is pleased to announce that effective today, Stephen Quantrill has been appointed as Chairman of the Board. Mr Quantrill replaces Ian Munro who has elected not to renew his employment contract as CEO with Twinza beyond its expiry on the 30th September 2021. Mr Munro will also be stepping down as Chairman of Twinza a...
Manager Safety, Anna Ila Ok Tedi Mining Limited (OTML) has appointed a national female employee to head its Safety Department. Anna Ila is now the Manager Safety after her appointment on August 27th. Ms Ila brings to the Company a vast knowledge and experience in safety and occupational health having served as Superintendent in Safety Systems, Comp...
Pacific Towing (PacTow) saved APEC Haus from likely and significant damage after it salvaged an abandoned vessel that had run aground within metres of the landmark building. The salvage of the ex New Zealand navy patrol boat ‘Hawea’ occurred last Thursday evening during strong winds and a rising tide. The PacTow salvage team expertly manoeuvred the leak...
Australia’s leading independent law firm, Corrs Chambers Westgarth, has relocated to new premises in Port Moresby, reflecting the firm’s continued growth in Papua New Guinea and its commitment to the region. The office is a significant upgrade from Corrs’ previous Papua New Guinea office and adopts the same design as the firm’s Australian premises. ...
The Chairman of Capital Insurance Group, Mr. Michael Koisen OBE, announced on the 23rd of September 2021, the appointment of Mr. Jeremy Norton as the Group’s new CEO. Mr. Norton joined CIG as its Group COO in January this year to drive operational excellence and sustainable business growth and has been an invaluable addition to the team. He was appoint...
Danny Robinson has been approved as Credit Corporation's president and chief executive officer. He was designated CEO of Credit Corporation on a permanent basis along with the firm's new general counsel and company secretary, Robinson. Robinson has been interim CEO of Credit Corporation since February this year following the departure of former CEO Pet...
The first half of the financial year 2021 has started off well for Credit Corporation Group, indicating a small recovery in financial performance from the severe contraction last year. The Group is concerned about the impact of the pandemic on its Pacific points of representation in the second half of 2021, with borders staying closed, delinquency leve...
City Pharmacy Limited had a profit of K6.8 million before taxes. This is an 8.1% decrease from the half-year figures for 2020. Chairman Stan Joyce stated that the first half of 2021 would be another difficult year for CPL Group as it strives to generate value in an increasingly tough local economic climate. Joyce stated that the company has exerc...
Weir Minerals and Andritz have signed an agreement at MINExpo 2021 expanding their shared commitment and strategic cooperation to supply equipment for processing tailings in the mining industry. The foundations of this agreement have been built on a shared understanding and vision to enable the sustainable and efficient delivery of the natural resources e...
Photo Credit: Gartshore The unaudited net profit of Steamships Trading for the half-year ending June 2021 was K33.1 million, up 106% over the previous equivalent period, according to the company. Steamships, on the other hand, claimed in its half-year report that after adjustment for major factors, the underlying profit credited to shareholders was ...
Newcrest Mining, Papua New Guinea's largest gold miner, has posted a profit of K4.07 billion (US$1.164 billion) for the 12 months ending 30 June, a new high. Due to greater gold and copper prices as well as decreased operating costs, this is 55 per cent higher than the previous financial year. Newcrest's gold revenue increased by 9% despite somewhat...
Kina Securities Ltd's unaudited net profit for the six months ended June 30, 2021, was K39.8 million. It is a 36 per cent increase over the previous similar time. The board of directors also announced an interim dividend of AU$3 per share (K8.25). In the previous similar period, the interim dividend per share was AU$4 per share or K10 per share. ...
Follow on LinkedIn:
Be the "First" to get our exclusive Digital Magazine & Weekly Newsletter.
Our website uses cookies. By continuing to use this website, you are providing consent to our use of cookies.